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I've been a handyman for quite some time, but I never understood the concept of Permits from a home owners perspective. If I'm the home owner and live there, do I need a permit to fix a kitchen or finish a basement? I...
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Hey guys - I'm looking to buy a triplex/quad in Oakland and wanted to get some clarification on rent control.1. What is qualified as "substantial capital improvements" to a property? And does this completely remove an...
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Yes the Title is a little Click baitey.. but i feel we are not seeing enough attention being given to this important realization in many markets. Honestly, this applies to primary mortgages and investment properties...
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Greetings all,
I just closed on a triplex. My first multi-family unit. The previous owner has never raised the rents once each of the tenants moved in. The rents are low right now but the landlord agreed to suppleme...
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My husband and I are thrilled and a bit nervous about closing next week on our first property--- 3 four plex's a mile from our home. A HUGE thanks to bigger pockets for helping us crunch numbers, network and give us c...
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Hi All,I'm coming to the end of year one with my first tenant. It's gone relatively well with no major issues around late payment or problems with the house. In fact, we don't talk much at all accept for the occasio...
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Yardi Matrix (Rent Cafe) states there is average of 24 rental applicants for each rental unit in San Diego. This seems crazy high. This is up from 14 applicants per available unit a year ago. Note this is not numbe...
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Hello,I hope this message finds everyone well. My monthly tax payment on my 4-plex went from $1200 to $1800. It is located in Irving TX and is owner occupied. I am also a veteran if that is relevant.I was told I neede...
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A few years ago one of the investors who had multiple properties in Manhatan Beach CA, then Phoenix AZ, who has been doing it for 30-40 years told me: " A property does not really cash flow till its paid off"Honestly,...
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Hello all, first of all I am very humble to be part of BiggerPockets community.
I will be buying my first property in Los Angeles probably by the end of the year. The strategy is first; investing in a renting prope...